Radian Group Inc. has finalized its $1.67 billion acquisition of Inigo Limited, a specialty insurance group operating through Lloyd’s of London. This transformational deal shifts Radian from a U.S. mortgage insurance leader to a global, multi-line specialty carrier, significantly diversifying its revenue and underwriting capabilities. The acquisition is projected to generate mid-teens percentage accretion to earnings per share and double total annual revenue by 2026.
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Radian Completes $1.67 Billion Inigo Deal, Doubles Revenue Base
Radian Group Inc. has finalized its $1.67 billion acquisition of Inigo Limited, a specialty insurance group operating through Lloyd’s of London. This transformational deal shifts Radian from a U.S. mortgage insurance leader to a global, multi-line specialty carrier, significantly diversifying its revenue and underwriting capabilities. The acquisition is projected to generate mid-teens percentage accretion to earnings per share and double total annual revenue by 2026.